Foreign funds continue to pick up Malaysian equities

KUALA LUMPUR: The inflow of foreign funds into Bursa Malaysia continued for a fourth straight week to the tune of RM382.8mil, significantly higher than a net inflow of RM172.4mil in the previous week.

According to MIDF Research, this was in line with the other markets it monitored in Asia, which also saw the continued inflow of funds from foreign investors.

Of the eight Asian markets covered by the research firm, three recorded net outflows.

Overall, there was net buying of US$2.26bil of equities, it said.

In Malaysia, the sectors with the highest net foreign inflows were utilities (RM86.4mil), healthcare (RM85.2mil) and technology (RM82mil).

The three sectors with the highest net outflows were consumer products and services (RM38.9mil), energy (RM21.2mil) and telecommunication and media (RM20.1mil).

Meanwhile, local institutions remained net sellers for a fourth consecutive week with net sales of RM355mil.

Local retailers were net sellers for a seventh week, with net sales of RM27.8mil.

In terms of participation, there were increases in average daily trading volume (ADTV) among local retailers by 4.9% and local institutions by 9.8%, but a decline among the foreign investors by 5.4%.

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